Jefferies Group Weighs in on Goldcorp Inc.’s Q3 2016 Earnings (G)
Goldcorp Inc. (TSE:G) – Research analysts at Jefferies Group cut their Q3 2016 EPS estimates for shares of Goldcorp in a note issued to investors on Friday. Jefferies Group analyst C. Lafemina now forecasts that the firm will post earnings of $0.17 per share for the quarter, down from their previous forecast of $0.19. Jefferies Group also issued estimates for Goldcorp’s FY2016 earnings at $0.42 EPS.
Other equities research analysts have also recently issued reports about the company. National Bank Financial reissued an “outperform” rating and issued a C$25.50 target price on shares of Goldcorp in a research note on Thursday, September 8th. TD Securities cut their target price on Goldcorp from C$23.00 to C$21.00 and set a “hold” rating on the stock in a research note on Wednesday, August 3rd. Desjardins cut Goldcorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Canaccord Genuity increased their target price on Goldcorp from C$26.50 to C$30.00 in a research note on Tuesday, July 12th. Finally, Royal Bank Of Canada reissued an “underperform” rating and issued a C$22.00 target price on shares of Goldcorp in a research note on Thursday, June 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of C$24.33.
Shares of Goldcorp (TSE:G) opened at 18.81 on Monday. The company’s market capitalization is $16.04 billion. The company has a 50-day moving average price of $20.62 and a 200-day moving average price of $22.62. Goldcorp has a 52 week low of $13.55 and a 52 week high of $26.56.
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The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 23rd were given a dividend of $0.02 per share. The ex-dividend date was Tuesday, September 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.43%.
Goldcorp Inc is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico, and Central and South America. The Company is engaged in the sale of gold, silver, lead, zinc and copper. The Company’s segments include Red Lake Gold Mines Ontario Partnership (Red Lake), Goldcorp Canada Ltd./Goldcorp Inc (Porcupine), Musselwhite, Les Mines Opinaca Ltee (Eleonore), Minera Penasquito SA de C.V.
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